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  Dividends & Stock Splits
  
 

All dividends paid on Canadian Utilities Limited shares on or after January 1, 2006 are designated "eligible dividends" for Canadian income tax purposes unless Canadian Utilities Limited indicates otherwise.  You should consult your tax advisor for advice with respect to the income tax consequences of receiving eligible dividends.  Further information regarding the taxation of eligible dividends is also available from the Canada Revenue Agency.


Dividends on Class A Non-Voting and Class B Common Shares

  Payment Date Record Date Ex-dividend Date Amount
 

2008

Mar 01

Feb 06 Feb 04 0.3325

Jun 01
Sep 01
Dec 01

May 07
Aug 06
Nov 05

May 05 
Aug 04
Nov 03

0.3325
0.3325
0.3325

2007 Mar 01 Feb 07 Feb 05 0.305
  Jun 01 May 17 May 15 0.315
  Sep 01 Aug 08 Aug 06 0.315
  Dec 01 Nov 07 Nov 05 0.315
 
2006 Mar 01 Feb 08 Feb 06 0.285
  Jun 01 May 10 May 08 0.285
  Sep 01 Aug 09 Aug 04 0.29
  Sep 01 Aug 09 Aug 04 0.25 *
  Dec 01 Nov 08 Nov 06 0.29
 
2005 Mar 01 Feb 09 Feb 07 0.275
  Jun 01 May 11 May 09 0.275
  Sep 01 Aug 10 Aug 08 0.275
  Dec 01 Nov 09 Nov 07 0.275
 
2004 Mar 01 Feb 11 Feb 09 0.265
  Jun 01 May 12 May 10 0.265
  Sep 01 Aug 12 Aug 10 0.265
  Dec 01 Nov 10 Nov 08 0.265
 
2003 Mar 01 Feb 07 Feb 05 0.255
  Jun 01 May 09 May 07 0.255
  Sep 01 Aug 08 Aug 06 0.255
  Dec 01 Nov 07 Nov 05 0.255
       

* Special one-time dividend.

O
n August 29, 2005, Canadian Utilities Limited effected a two-for-one stock split.  Dividends have been adjusted to reflect this split.


2008 Dividend Payment Dates

The declaration and payment of dividends is at the discretion of the Board of Directors.  Please note that the following date are tentative and to be used as guidelines only.

Canadian Utilities Class A Non-Voting & Class B Common

 Record Date  Payment Date
 February 6  March 1
 May 7  June 1
 August 6  September 1
 November 5  December 1

Canadian Utilities Preferred Series W & Series X

 Record Date  Payment Date
 February 6  March 1
 May 7  June 1
 August 6  September 1
 November 5  December 1

The Company does not have a Dividend Reinvestment Plan.


Dividend History:
Class A Non-Voting and Class B Common Shares

Year

 

Annual
Dividend

2007

 

1.25

2006

 

1.40 *

2005

 

1.10

2004

 

1.06

2003

 

1.02

2002

 

0.98

2001

 

0.94

2000

 

0.90

1999

 

0.86

1998

 

0.82

1997

 

0.78

1996

 

0.74

1995

 

0.73

1994

 

0.72

1993

 

0.71


* Includes a one-time special dividend of 0.25 cents per share which was paid on September 1, 2006.

On August 29, 2005, Canadian Utilities Limited effected a two-for-one stock split.  Dividends have been adjusted to reflect this split.